Investment platform commits $250 million to new CAR-T company

23 June 2021

Funds managed by Blackstone (NYSE: BX) have committed $250 million towards the launch of a new autologous and allogeneic universal chimeric antigen receptor (CAR) T-cell therapy company.

The other companies involved in the launch are US biotech Intellia Therapeutics (Nasdaq: NTLA) and Cellex Cell Professionals, the parent company of GEMoaB, a clinical-stage cell therapy firm.

"This exciting effort has the potential to leapfrog current CAR-T technologies"

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